Kennedy-Wilson (NYSE:KW) Now Covered by Deutsche Bank Aktiengesellschaft

Research analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Kennedy-Wilson (NYSE:KW) in a report issued on Monday. The brokerage set a “hold” rating and a $9.00 price target on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential downside of 0.28% from the company’s current price.

Separately, StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Kennedy-Wilson Stock Performance

Shares of NYSE:KW traded up $0.14 during trading hours on Monday, hitting $9.03. The stock had a trading volume of 30,100 shares, compared to its average volume of 497,841. The stock’s fifty day simple moving average is $9.39 and its 200 day simple moving average is $10.43. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -3.51, a PEG ratio of 0.54 and a beta of 1.13. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. Kennedy-Wilson has a 1-year low of $7.85 and a 1-year high of $11.88.

Institutional Investors Weigh In On Kennedy-Wilson

A number of institutional investors and hedge funds have recently modified their holdings of KW. Sterling Capital Management LLC increased its position in shares of Kennedy-Wilson by 822.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 3,248 shares in the last quarter. KBC Group NV lifted its stake in shares of Kennedy-Wilson by 53.1% in the 3rd quarter. KBC Group NV now owns 4,884 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 1,693 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Kennedy-Wilson by 181.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 3,755 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Kennedy-Wilson during the third quarter worth $116,000. Finally, Cibc World Markets Corp bought a new position in Kennedy-Wilson during the fourth quarter valued at about $106,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.